Deutsche Bank hiring 100 staff to boost equities trading: source

March 24, 2016 11:28 AM

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LONDON/FRANKFURT Deutsche Bank (DBKGn.DE) is hiring about 100 people to boost its equities trading operations as it seeks to recover ground in an area seen as vital to its new strategy, a source familiar with the matter told Reuters.

The move comes as Deutsche, a traditional bond trading powerhouse, looks to improve profitability by shifting business to less capital intensive areas such as equity trading.